Gold Coast apartment insights: What happened on the Gold Coast over October?

The average new apartment on the Gold Coast increased in value by 23 per cent in the 12 months to March

Gold Coast apartment insights: What happened on the Gold Coast over October?
Clockwise from top left: Assana at Broadbeach; The Tally at Palm Beach; Belvue at Runaway Bay; Ocean House at Palm Beach

There's set to be no Christmas break for agents on the Gold Coast.

They're bracing for their biggest Christmas in the off the plan space, with the interstate borders set to open and welcome a raft of holiday makers who weren't prepared to pull the trigger on a purchase without visiting the area.

Recent research from the property data firm CoreLogic found that the average new apartment on the Gold Coast increased in value by 23 per cent in the 12 months to March, and there's been no signs of a slowdown since then.

There's been an interesting pivot by a number of developers, who are targeting the luxury owner-occupier, who are struggling to find suitable, larger apartments.

We've wrapped up all the biggest news from October.

Little Projects Co launch Broadbeach apartment development, Aperture

The hotly anticipated Aperture, which will be one of the most high-end apartment developments in Broadbeach when completed in mid-2023, has officially launched to the market.

Following on from their successful first tower in Broadbeach, Signature, which sold out earlier this year, the Melbourne-based Little Projects took a different approach to Aperture, which refers to the opening of a lens's diaphragm through which light passes.

Read more: Little Projects Co launch Broadbeach apartment development, Aperture

"Beachside luxe living" set for Rainbow Bay as new apartment tower proposed

Gold Coast apartment insights: What happened on the Gold Coast over October?

Buyers are set to get another opportunity to secure an apartment in the tightly held, and incredibly highly sought-after, Rainbow Bay.

Kingbella Group, led by Joel and Laura Percey, and Steer Developments, ran by Robert Steer, are teaming up again for the project, having been working in partnership for a number of years.

They've also got Oliver Bagheri, Jon Quayle and the CAPDEV Partners team on board for Eden Ave, proposing a 12-level development on the dress circle Eden Avenue, which will home 91 apartments and three townhouses.

Read more: "Beachside luxe living" set for Rainbow Bay as new apartment tower proposed

Inside the latest luxury Palm Beach apartment development, Ocean House

The luxury Palm Beach apartment market continues to gather steam, and with that is a solid pipeline of luxury apartment developments.

The latest to launch is Ocean House, a boutique collection of just eight full-floor apartments by the Sydney-based developer Macquarie York.

The approved development has been designed by the local architecture firm BDA Architects, who say the striking building is sculpted from inspiration from the surrounding natural environment of the movement of water and sand.

Read more: Inside the latest luxury Palm Beach apartment development, Ocean House

Caydon Property to expand in to Queensland with first Gold Coast apartment tower

Gold Coast apartment insights: What happened on the Gold Coast over October?

The Melbourne-based apartment developer Caydon are the latest southern developer branching out in to Queensland.

Their first project will be in Miami, just south of Mermaid Beach at the quieter, northern end of the Gold Coast.

Caydon, who always use their in house design team, has lodged plans for a boutique 18-level apartment tower with just 51 apartments, a maximum of four apartments per floor, on the Miami dress circle The Esplanade.

Broadbeach apartment development Assana to reach new levels as suburb's tallest tower

Gold Coast apartment insights: What happened on the Gold Coast over October?

The Sydney-based Macquarie Developments Group are set to develop the tallest tower in the Gold Coast suburb of Broadbeach.

The Gold Coast City Council gave the development the green light, after Macquarie amended the approved application after they bought the site in October through GV Property Group.

Macquarie Developments Group has altered the development approval that they inherited back in 2016, which was for a 42-level tower.

Read more: Broadbeach apartment development Assana to reach new levels as suburb's tallest tower

"The sophisticated newcomer to Runaway Bay" - Gold Coast suburb set for first apartment development in 30 years

 

Gold Coast apartment insights: What happened on the Gold Coast over October?
The Gold Coast's Runaway Bay is set to see its first residential tower to be developed in the idyllic Gold Coast waterfront enclave for almost three decades.

Belvue, French word for beautiful view, is set to be developed in a joint venture between Monaco Property Group and Polites Property Group, who has just lodged a development for the project.

The luxury tower on a 3,116 sqm site at 13-15 Bayview Street, has been designed for the owner-occupier, with just whole floor apartments.

Read more: "The sophisticated newcomer to Runaway Bay" - Gold Coast suburb set for first apartment development in 30 years

Jinding launch Surfers Paradise apartment tower, SORA

SORA's 122 apartments were launched via Jinding's database last month, and saw significant interest from investors and repeat customers.

Jinding then went locally with a soft launch, and saw an even split from all facets of the market, with investors, first and second home buyers, and downsizers all showing keen interest.

The DKO Architecture-designed building will features a ground floor pool and gym, barbecue area, games room, and rooftop with an outdoor room and two multi-purpose rooms.

The Monaco, Main Beach secures sell-out as one of Gold Coast's most expensive apartment towers

The Monaco, the luxury Main Beach apartment development by the local developer Ignite Projects, has secured a sell-out.

The Rothelowman-designed, 24-level tower, with just 24 half and full-floor apartments, sold with an average sale price of $4.6 million. The penthouse secured $9.5 million when bought by a Sydney buyer, who was in lockdown at the time of purchase.

The tower will rank as one of, if not the most expensive on the Gold Coast, not counting the smaller, boutique beachfront projects that might only rise five or six levels.

Read more: The Monaco, Main Beach secures sell-out as one of Gold Coast's most expensive apartment towers

MVGS sell out The Tally at Palm Beach

The Tally, the 45-apartment development on Twenty-Eighth Avenue, sold out in under three months in October.

The marketing began in mid-July, where half of the apartments were accounted for in less than two weeks through KM Sales and Marketing agents Todd Matheson and Chez Fraser.

The Tally, to the western side of the Gold Coast Highway but still just a stone's throw from the beach, was the work of Scott Dolso's MVGS Property Group.

Read more: MVGS sell out The Tally at Palm Beach

Villea, Palm Beach nets over 50 per cent sold

Within the first month of its marketing, the Villea apartment development by the Sydney-based Abadeen Group, has locked away buyers for half of the apartments in the Mawarra Street block of 69.

CBRE's Director of Residential Projects, Nicholas Clydsdale, says there's been a real mix of buyers in the development, Abadeen's first outside of Sydney.

“Apartments under $750,000 have had a strong uptake from first home buyers, while units over $850,000 have been snapped up from owner occupiers who love the protected Northern views to Burleigh Headland,” Clydsdale said.

Read more: Villea, Palm Beach apartment development, secures 50% of sales in first month

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and new developments across the country

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Gold Coast Apartments

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